VOW EUROPE LIMITED
Company Information
- Company Number
- 01204488
- Registered Address
- 1st Floor 1 Europa Drive, Sheffield, England, S9 1XT
- Status
- Active
- Employee Count
- 1087.0
- Turnover
- 227196000.0
- EBITDA
- 2862000.0
Additional Details
- Website
- https://op-dealer.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 20 March 1975
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 69 | 16% | 23% | 61% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 73 | 15% | 21% | 64% | 46% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 68 | 16% | 24% | 60% | 42% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 71 | 16% | 21% | 63% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 78 | 17% | 23% | 60% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 64 | 27% | 18% | 55% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 54 | 32% | 22% | 46% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 65 | 28% | 15% | 57% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Feb 2020 | 72 | 9% | 30% | 61% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 78 | 8% | 22% | 70% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 69 | 13% | 27% | 60% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 64 | 19% | 25% | 56% | 21% |
Company Summary
VOW EUROPE LIMITED is a leading office supplies wholesaler operating in Europe
The company was founded in 2014 and is headquartered in Birmingham, United Kingdom
The company offers a wide range of products and services to its customers, including office supplies, furniture, technology, and print solutions
VOW EUROPE LIMITED is committed to sustainability and has implemented a sustainability program to reduce its environmental impact
This includes using sustainable materials, reducing waste and carbon emissions, and promoting eco-friendly products
The key people at VOW EUROPE LIMITED include their CEO, Adrian Butler, and their Managing Director, Steve Blowers
They lead a team of dedicated professionals who are committed to providing high-quality products and services to their customers
The company's website, www.voweurope.com, provides easy access to their products and services, as well as information on their sustainability efforts
Customers can also contact VOW EUROPE LIMITED through their registered office address at 2nd Floor, Ocean House, Dudley Road, Halesowen, West Midlands, B63 3NS, United Kingdom
In summary, VOW EUROPE LIMITED is a reputable and sustainable office supplies wholesaler in Europe, offering a wide range of products and services to its customers
With a strong commitment to sustainability and a team of dedicated professionals, the company continues to grow and provide excellent customer service
Company Review
Trend Analysis
Based on the data provided, VOW EUROPE LIMITED has shown a general trend of decreasing the average time taken to pay invoices to suppliers over the past three periods. In 2018, the average time to pay was 64 days, which decreased to 54 days in 2020. However, there was a slight increase in 2021 to 64 days, but it decreased again in 2022 to 68 days. The trend seems to indicate that the company is working towards paying invoices earlier, with a few fluctuations in certain periods.
Volatility Analysis
The data also shows a high level of volatility in the percentage of invoices paid within 30 days and between 31-60 days. In 2019, there was a significant increase in the percentage of invoices paid later than 60 days, jumping from 50% to 70%. However, this percentage decreased in 2020 to 57%, and then again in 2021 to 55%. This could indicate that the company is making efforts to improve their payment process and pay invoices on time.
Summary Analysis
From the data, it is evident that VOW EUROPE LIMITED has been working towards improving their payment processes and paying invoices earlier. There was a significant increase in the percentage of invoices paid later than 60 days in 2019, but this has since decreased in the following years. The company has also been successful in reducing the number of invoices not paid within agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
There is no single standard set of terms, Terms vary depending on the type of product or service provided.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
108
Dispute Resolution Process
All payment queries are managed by our accounts payable team in accordance with our internal processes and dealt with as quickly as possible. Reasons for not being able to pay based on terms include receiving late or non compliant invoices or invoices that are in dispute.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
